Case Study: UT Medical Group - Physician
UTMG sought to align provider compensation with organizational goals through a compensation plan that emphasizes value-based care. UTMG needed a financially sustainable plan that rewards physicians for meeting and exceeding clinical and non-clinical goals, while balancing academic and administrative responsibilities. Huron guided UTMG leadership and physicians through the design of a transparent, understandable, efficient, and organizationally aligned compensation plan.
Project benefits include:
- Increased transparency around compensation and allocation of departmental profits
- A monthly scorecard for physicians to gauge performance and projected annual compensation
- A 5 to 7 percent projected increase in medical group revenues in year one
“The compensation plan is foundational for achieving our longer term organizational goals of enhanced patient care, group visibility, and financial sustainability,” said Drew Botschner, Chief Executive Officer, UT Medical Group, Inc. “Huron’s leadership in developing this plan was essential to meeting those objectives.”Download Now